The 34-room City Center Inn & Suites hotel at 240 7th Street is now on the market with a $32 million price tag in Western SoMa.

While it might seem like an eye-popping price on a per room basis, the hotel sits on three parcels which stretch from 7th to Langton and total over a third of an acre. And the 240 7th Street site, which is two doors down from the proposed 20-unit building to rise on the former Rawhide Club parcel, is zoned for development up to 65 feet in height.

Plans to redevelop the site with a mix of condos, apartments and new 80-90 room hotel were quietly being explored a couple of years ago but were subsequently abandoned. We’ll keep you posted and plugged-in.

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Comments from “Plugged-In” Readers

  1. Posted by Donald

    At almost $1 million per room, and if each room averages $150/ night, you’d just have to rent every single room over 6,000 times for this to break even (not including property taxes, utility costs, staff…)

  2. Posted by Wai Yip Tung

    Reviews on Tripadvisor

    Reviewer1: “Choose an other place to stay”

    Reviewer2: “Hard to swallow price for what you get.”

    54% rated “Terrible”
    3% rated “Excellent”

  3. Posted by ghostwriter

    Way overpriced… Totally unrealistic as a development site.

    • Posted by SFMichael

      You’ve heard of ‘priced to sell’? I think this has been priced to keep.

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